The UK government released its 2020 budget document on March 11, announcing that total investment in infrastructure and construction projects will exceed £600bn by 2024-2025. According to official policy documents, the UK plans to provide £640 billion in total capital investment for UK roads, railways, communications, schools, hospitals and power grids by 2024-2025 to compensate for underinvestment in the infrastructure sector. Britain is known to have the highest investment in infrastructure since 1955. The biggest investment ever made, especially on roads, is expected to reach 27 billion between 2020 and 2025. The new budget will benefit british steelmakers, including freestanding steel companies (liberty steel), celsa steel and british steel companies (british steel), especially when the government promises to buy more locally produced steel. The new era of infrastructure provides the government with a real opportunity to meet its commitment to prioritize steel production in the UK for its big projects, said the head of Free Steel, Britain’s largest state-owned steel company.
As Chinese top 10 manufacturer and exporter,Shanghai Triround Stainless Steel Corp.appreciate and commend Britain’s great policy to facilitate steel industry.We are also a steel products maker and expect to eatsblish business relations with more UK customers.We have a very good reputaion in stainless steel field with excellent product quality,such as, seamless pipes, welded pipes, sanitary tubes, flanges, valves are widely recognized by our customers.
Post time: Apr-17-2020